Good afternoon, With the US TECH 100 nearly exactly hitting the estimated peak of 6720 and bouncing off of it, as well as the daily Candle being a Graveyard Dojii, it seems as if the Downtrend will definitely go on. With daily candle tommorow that lays below ours, the trend change would get verirified. Considering all of the bad News we`re currently having...
In my opinion the markets are overheated and a recovery is soon overdue. On top of that, Trump has to prevent a "goverment shutdown" until this weekend. If this doesn't work out, it could at least lead to a small market correction. That's why I'm going to expand my cash position.
Today was not a good day for me day trading Crude Oil. I find it very helpful when i write up these publications as it helps me see where I made my mistakes and hopefully I correct poor behavior. So indulge me here as I walk you through how I ended up losing $330 on the day (sim). .Because of the holiday atmosphere (and roll issues relating to May contract...